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The difficult conditions facing the global metallurgical coal market will probably lead some U.S. mines and companies to go out of business, a senior industry executive said at the 6th Coaltrans Brazil and South America conference in Rio de Janeiro.
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The lockout of unionized workers at U.S. Steel Corp.’s Lake Erie Works will put further pressure on the Ontario ferrous scrap market and could have a trickle-down effect on other major scrap regions, according to market participants.
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U.S. bulk ferrous scrap export prices have dropped significantly as exporters accepted lower bids to secure sales this past week.
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Republic Steel has signed a five-year supply deal with U.S. Steel Corp. to provide tube rounds to the steelmaker’s tubular products division, according to Mexico’s Grupo Simec SAB de CV, Republic’s parent company.
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The number of drill rigs running in the United States fell by four last week, led by Alaska (down five), while Canadian drilling also fell by four rigs compared with the previous week.
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The U.S. International Trade Commission (ITC) is scheduled to make a preliminary injury determination by June 7 in an anti-dumping duty investigation of pre-stressed concrete steel rail tie wire from China, Mexico and Thailand.
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Standard Bank Group Ltd. has decided to shut down its steel desk.
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The Commerce Department’s International Trade Administration is rescinding its countervailing duty administrative review of imports of seamless carbon and alloy steel standard, line and pressure pipe from China from Jan. 1 to Dec. 31, 2011.
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Usinas Siderúrgicas de Minas Gerais SA (Usiminas) sold 1.59 million tonnes of steel in the first quarter, up 5.2 percent year on year, the Brazilian steelmaker said.
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Cliffs Natural Resources Inc. ran a full-scale direct-reduced iron (DRI) production test for two weeks in March at the company’s North Shore iron ore mine in Minnesota.
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Mexico’s finished steel imports totaled 1.14 million tonnes in the first two months of the year, down 9.5 percent from 1.26 million tonnes in the same period last year, according to the latest figures from Latin American steel association Alacero.
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Crude steel production in Mexico reached 1.14 million tonnes in March, down 27 percent from the same month last year, according to figures released by Latin American steel association Alacero.
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Alliance Steel LLC has hired Garrett Sparacio as director of national sales to develop and manage the company’s sales across the United States.
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The Committee on Pipe and Tube Imports (CPTI) has elected two board of director officers for 2013-14.
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Cliffs Natural Resources Inc. is "well aware" of the competition it could face from new iron ore projects that have been announced in North America’s Great Lakes region over the past two years.
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Insteel Industries Inc. has purchased a production line from Tatano Wire & Steel Inc. to make reinforcing concrete wire products, chairman, president and chief executive officer H.O. Woltz III told AMM.
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Squeezed margins, lackluster demand and oversupply issues continue to plague the domestic steel sheet market, sources said, noting that either a significant demand boost or a major production outage will be necessary to trigger a turnaround.
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Essar Steel Algoma Inc. has filed a lawsuit against Galvstar LLC, Galvstar Holdings LLC and Bain Partners LLC for alleged breach of contract and unjust enrichment, claiming it is owed more than $2.4 million in unpaid invoices.
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A labor dispute that reportedly impacted some steelmaking activities at ArcelorMittal USA LLC’s Burns Harbor facility in Indiana has been resolved, a company spokeswoman told AMM.
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Lead times at some domestic plate mills could start to come in now that planned spring outages at a number of facilities have concluded, sources said, noting that any significant lead time reduction could begin to put downward pressure on the recently stable steel plate market.
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A Northeast scrap dealer says he has sold more than 30,000 tons of shredded automotive scrap to two different brokers who also function as exclusive buying agents for two different steel producers, providing one of the first indications of May price direction.
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SunCoke Energy Partners LP saw its attributable net income rise to $15.3 million during the first quarter from $12.4 million in the same year-ago period.
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Concrete reinforcing bar spot prices have slipped back to first-quarter levels after a brief late-March pickup.
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AK Steel Corp. subsidiary AK Coal Resources Inc. expects to receive permits to develop an underground coal mine in Pennsylvania in the second quarter of this year.